As announced by MOH, all Integrated Shield Plan (“ISP”) provider will have to transit to a full co-payment riders by 1st April 2021. Article here.
All insures has implemented new rider since then. Moreover, anyone who has bought ISP before the transition are affected as well when they renew their policies after 1st April 2021 with their respective Insurer. That is no more 100% coverage.
Many are concern with the impact on their claims when it is needed. Specifically for Aviva My Shield and My Health Plus changes. It might get complex on the calculation on the claimable amount. After understanding the details i took the liberty to write a script to help us calculate the claimable and co-payment amount. Im glad my background is IT and i can code. 🙂
For benefit wise, there are definitely changes after transition. However, do check with your Insurance Agent on the details or i will include the important one later in the post.
Click here to launch calculation table.
